PYMNTS
APRIL 15, 2019
Indeed, in an appearance on Capitol Hill last week in front of the House Committee on Financial Services, seven chief executive officers of banks as far-flung as Goldman Sachs , Bank of America , JPMorgan Chase , Morgan Stanley and others pointed to risks that may be tied to the U.S. financial system amid the rise of alternative lenders.
PYMNTS
JULY 26, 2017
As cyberattackers deploy more aggressive tactics, corporate banking firms have to respond with heightened cybersecurity measures to ensure confidence in the nation’s financial system, the OCC warned. Over time, consolidation among service providers has resulted in large numbers of banks reliant on a small number of service providers.”.
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CFO Share
APRIL 11, 2024
Why Are Cybersecurity Threats a Risk : Small businesses often lack the resources and knowledge for comprehensive cybersecurity measures, leaving them vulnerable to attacks that can compromise financial systems. Outsourced IT companies (MSP’s) do audit services to help identify these risks.
PYMNTS
OCTOBER 16, 2017
In those pieces, I acknowledged bitcoin was an interesting, even fascinating, innovation, but not the salvation of our global financial system — not even close. Bitcoin’s core principle of anonymity is anathema to operating a safe and secure global financial system. At least I hope so.
PYMNTS
OCTOBER 1, 2018
Bitcoin’s processing operation is highly concentrated within a handful of miners in China — which is getting more concentrated now, since the price of bitcoin has crashed and fewer players can afford to keep the lights on (literally, since bitcoin processing requires a massive amount of electricity). It isn’t because it won’t.
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